Topic: My personal point of view as a beginner .... - page 2. (Read 1838 times)

I do agree and I know we both are strong believers of BTC as a useful tool and with a big possible upward potential...

I didn't knew that you have been hacked..... Can you share some of that? How it happened? Always useful for beginners to prevent from happening.....

Of course, everyone has to find a good balance for themselves personally (or their team).   A phenomenon remains that even if some people, maybe even yours truly, might consider you to be too overly bullish in your word choices, the point of the matter is that you have really decent chances to be correct, even in your hyperbole, and at the same time, a good 50% of the world don't really know what bitcoin is, even if 70% or more may have heard of it, but still less than 1% have taken any kind of meaningful action to invest in BTC or to keep their investment in BTC in any kind of meaningful and/or significant way.. which can even be a minimal investment of 1%, and that amount of stake could become life changing.  

It seems that both you and I have invested for the upside possibility.  I had initially intended to invested around 10%, but then the market turned down for so long during 2015 that my dollar cost averaging even relatively small amounts caused my amount to go into the 13% to 14% territory, and I did not really feel any skin off my back for investing those kinds of quantities into bitcoin, and surely the magnitude of BTC's price appreciation that began in late 2015 brought the value of my whole investment way the fuck up and caused my BTC investment to dwarf the remainder of my various investments, even when at the same time in early 2017 when a decent amount of my BTC were hacked.  My remaining BTC investment still continued to flourish in value as compared with the remainder of my investments into other traditional assets.

Likely each of us, whether we have a team or not, has invested decent amounts of our investment capital for that upside possibility in bitcoin and such investment has been paying off quite a bit better than any other reasonable investment vehicle that was available to us as regular peeps (or teams) getting into such investing matters, which surely it is going to take a decent amount of time for a decent number of other normies to even take 1% to 10% stakes into bitcoin, which is surely their choice, and for not want of our willingness to share information about BTC.  Surely, we are doing our part in sharing information with people, so the information is available for anyone who looks into the matter.  

Surely, 1% to 10% investment into BTC might seem like low stakes to us, but also seems prudent and would end up to likely cause world changing circumstances for a decent number of the nocoiners and fence-sitters to actually get them started down the bitcoin road and to have some stake in the game, which has decent chances for being a path in which a lot of future world value gravitates, whether we root for the appreciation of bitcoin or not....

So likely you and I agree quite a bit, except for some of the semantics that we (or our team) are using in our discussion of bitcoin's present value or future value... so even if you go on speaking in absolutes or more in absolutes than me, perhaps the outcome will not be much difference between either of us in terms of both future richie and likely already richie status that we have already begun to realize through bitcoin at its current price performance arena.  

There are NOT too many traditional investments that are available to normies like us that go up 3.5x in 3 months and then continue to be bullish and looking like they could reasonably be at another 3x to perhaps 30x in the coming 2 years or less.  So in that regard, if anyone even has 1% to 10% of their investable capital in bitcoin, they are going to come out quite well.  Both you and I would be recommending towards the upper ends of those amounts and perhaps you would even recommend higher than those amounts, but concededly if the seemingly late to the party no coiners or fence sitters were to reluctantly put low amounts such as 1% into bitcoin, they would likely be thanking us later (maybe even in 2 years or less) for acting as less of dumbasses for having had not invested earlier or having had sat on the fence for such a time already.    

Haha LoL, of-course I never did any sorcerer predictions  But I will remain with my strong believes in BTC and I think my investments into BTC are healthy compared with my day to day life etc  (that will be different for each person, and maybe difficult for some to find a good balance .....)

Sure, there are quite a few people who call themselves sorcerers, and I think that they lose credibility, but you can call yourself a sorcerer if you want to be considered in that same kind of category... Some call them bulltards, and that is a real thing if you are placing too high of a certainty on events that have not yet happened.

You would even be more reasonable to be assigning ridiculously high probabilities, but whatever.. do what you like.



People who are elderly should be taking decently low positions in highly volatile assets.  How they should apportion their portfolio depends on a variety of factors, but most of the time, people in their 90s would be silly to investing in high risk or planning for long timelines that they might not be able to reach.


One of the most important research components remains researching into one's own personal details, including financial situation, cashflow, other investments, risk tolerance, view of the assets, timeline, and skills and time available to manage their portfolio.

Indeed greed and the thinking of being rich tomorrow cause of BTC is blinding people very often, even some newer guys that I know and bought BTC when it was rising from 7-8K-ish prices are telling now that they already understand BTC etc not gonna sell etc
But already seen this before, if people never been tested then its difficult to say if they truly understand the term "HODL", or "LONGterm perspective" etc

I also do think people need to have cold storage coins that will be in HODLsleep for very LONG time
and
I do think people must have coins for daily use and try to experiment in daily use cases.... try to buy stuff with BTC, use BTC for transactions etc

Just work with BTC when u can and get used with it....

Damn, so i'm allowed to call myself a sorcerer


What is a good investment for that lady, should she still invest or better enjoy her older days??

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I of-course do understand both of you, their is NO outspoken best investment thing etc

But still BTC is imo still in its baby shoes and have an amazing upward potential....

Nonetheless always be careful with investing without doing any research as been said before....

@micgoossens you are not probably alone  when it comes to newbies entering the market. I guessed the major flaw that the industry have is to attract newbies that it is a money making machine that can instantly make a person rich, its true somehow but you won't be earning from it if you just jump right in on trading in an exchange or just trying to build your own mining rig. They just jump right it without any kind of strategy because they are blinded on the idea that they will earn right away, the end result is they probably end up losing their money because they lack preparation on entering the industry.

Whether Bitcoin is the best is a subjective opinion. It is certainly not the best investment for my 90-year old lady friend who doesn't own a computer. Bitcoin is a unique product, because it was the first, it managed to grow through a period of 51% attack vulnerability, and it is now at a stage where such an attack is not possible in my opinion. I can't see how any new coin can achieve this position now that the weakness is known widely.

Good riddance.  You can fuck off as far as I am concerned, and I have a decent level of confidence that a lot of other readers of this thread can recognize that you have hardly provided any kind of value or contribution to this particular conversation, except maybe to the extent that your troll/shilling and non-substance has provided a kind of talking point spring board, but that indirect contribution was not even really by much of anything meaningful that you provided, including the fact that you failed and refused to even make any kind of substantive or meaningful investment recommendation like you were suggesting that you would be able to do.


You are pretty fucking close to an idiot when it came to your participation in this line of conversation and demonstrated by your various posts in this thread.


Who gives any ratt's asses about the supposed knowledge level that you might have in the real world or your supposed real world contributions.  Go earn your grammies, oscars and nobel prizes through those avenues, to the extent that you are prize worthy.  It does not matter in this thread or in this forum in terms of credit being giving in accordance with contributions by post.  Here in the interwebs, we cannot absorb your supposed real world status through osmosis.


O.k.  Well you chose to participate in this thread, too by posting herein.  That was your choice.  No one here twisted your arm in terms of your decision to make a few posts in this thread, and no one is either stopping you or forcing you to post in the future in this thread or otherwise.  If you think of something meaningful to post, then come back and post it.. otherwise, have fun in the altcoin ann threads or otherwise.


What is the apology for, exactly?  For posting here?  For deviating from your participation in those other threads?  I doubt that there is any real need to apologize, because if you have something that you can contribute to this thread or otherwise, then you should do that and it is completely your discretion whether to participate or how to participate in this thread or otherwise.  It would be nice if you used some of your supposed doctor brain power to reflect on what kinds of assertions that you were making regarding how you are suggesting that people invest their money (you were mostly suggesting not to invest in bitcoin, it seems), and if you are able to come back and back up your claims at some point including suggesting a beginning portfolio for the here and now, then some of us here might be able to compare and contrast your recommendations to the recommendations made by OP or whatever other investment related points that you would like to make that are somewhat within the theme of this thread.

Well, maybe you are proving me wrong, micpeep?

You certainly have a right to way whatever you like, yet I think that saying bitcoin is the "best" is attempting to make a kind of guarantee to its future performance, so even though you have a right to way whatever you like, I doubt that anyone can really genuinely make any of those kinds of guarantees without proclaiming sorcerer status, and I will call bullshit on anyone proclaiming to be a sorcerer.

I do think that it is fair to not only say or show that bitcoin has been amongst the best of performers of all asset classes, but also to make various arguments and proclamations that bitcoin is "likely" to continue to be either the best or amongst the best of future performers.  That is part of what makes bitcoin such an asymmetric bet because it has so many odds in its favor, and I would outwardly proclaim that people who know about bitcoin and have some kinds of investment funds are dumbasses if they do not make efforts to allocate at least 1% of their investment portfolios into bitcoin. 

By the way, if bitcoin were a sure bet, then the recommendation would be to put 100% of your assets into bitcoin, and I really think that is both way too extreme, a bit foolish and also unnecessary.  You can bet way higher on bitcoin, including putting large percentages of your wealth into bitcoin, and still profit stupendously without going 100% into bitcoin.  I know that some people attempt to do that, but I think that is not a very smart way to live, even if they these kinds of people are trying to show their commitment with the degree of their putting their money where their mouth is.

I understand that every persons situation is different, including their living standard and perhaps even poverty that they were born into, so in some sense there are going to be people who have way more disposable income who are going to be able to perpetuate rich status  more than some people in more poor situations and less disposable income or assets.  Poor people will still likely be able to profit from the incentive structures that are established around bitcoin, and they could more personally profit, too if they were able  to attempt to put even a few dollars  a month into bitcoin... and I understand that there can be some difficulties, even with that, and I doubt that all of the world's inequalities are going to be solved overnight either...even  if bitcoin likely does provide a decent amount of incentives to move the world in a more fair direction overall and through systems that are likely going to continue to place value into bitcoin in the years to come.. .. and surely even with a short timeline we are going to see a lot of this likely evolve and develop and surely will be good to have some personal stake in bitcoin too... 1% to 10% is prudent, even though there is going to be a decent amount of people who come to their own conclusions about levels that they consider to be prudent for their own situations as they judge them to be.

I stop here. These legadary users have again forgotten their netiquette.

I am no idiot. I am doctor of emergency medicine have studied 6 years at german university and 10 years in job having saved hundrets of lives.

The only reason to use this forum is to check the altcoins ann thread. Thats not possible at discord.

I am so sorry I forget that again. Apologise me   

But it is the best

Not the only ....... but still its the best

The volatility and movements will go slower with the years, user count will keep increasing, coins will get divided more and more under people, still realise this is only her for a few years.... Its logical that there where early believers of this tech and big buyers that now holding more BTC but the market will keep growing and more and more people will be buying, thats why its very much of interest to buy whenever you can and just to HODL a part on cold storage and if possible to keep a part to use on daily base

No one said that bitcoin is best and only investment, you diptwat.


Do you not know how to read?  You have been presented with a hypothetical and an opportunity to provide your alternative investment scenario, you continue to fail and refuse.  In other words, you have made no meaningful argument that is relevant to how to invest if newbie or otherwise.


That is a BIG presumption that does not seem to be provable based on actual facts.  Furthermore, these supposed manipulative whales are surely allowing a lot of regular people, especially the ones who chose to buy, accumulate and HODL bitcoin to profit stupendously from that particular course of action.


Yes.  On blockchain movement of coins can be seen from time to time.  What does it mean?  Do you know?


Bitmain is not bitcoin, and who gives any shits what they chose to do?  They can do what they like.  Remember MTGOX?  in January 2014, BTC was trading on their platform above $1k, then sunk to $600 by February 2014, then the ability to withdraw on MTGOX became worse and worse and coins were trading on their platform in the lower $100s while trading in the $600s for the rest of the market.  Thereafter they suddenly closed, and then announced that they had lost about 800k BTC and then said that they recovered 200 of those lost BTC.  That MTGOX trauma seemed to have affect BTC's price for a decent amount of time after that, and the lost coins have still not been recovered and the found coins still have not been distributed, but the BTC price still has gone up, even with the craziness of the irresponsible custody results of that third party entity. 

Has taught some HODLers and accumulators not to trust very many of their coins with third parties.




Again?  Who cares? 


Is anyone saying that BTC is immuned from everything?  I think not.    One thing I do know is that you keep raising fearmongering points, but you still have not described an investment plan or scenario which seems to have been the theme of this thread and your initial opposition to OP.  Now, you are changing the story, but it remains unclear what you are saying exactly?  Are you saying don't invest in bitcoin? 

What about the altcoins that you were touting in a few of your earlier posts?  Do you think that those alt coins are better off than bitcoin if some of the supposed shenanigans were to play out from various third parties, like you had been speculating?   

You are the one who seems naive, unable to focus and unable/unwilling to provide an investment approach/plan that is better than the one described by OP.  One of the reasons that any of us might reasonably conclude that your investment approach/plan is NOT better than the one described by OP is because you have failed/refused to provide any kind of investment approach or plan.

No one explained here why bitcoin is the best or for JJG the only investment.

JayJuanGee brings up many words as someone has written before, only says my argues ar false. No detailed discussion about any argument

Bitcoin is controlled by global players, such named whales which can modify the course when ever they want.

Moving 200k BTC (thats 1.6 Billion USD) on 29.07 (see whale alert https://twitter.com/whale_alert) is for fun? Dont think so. Technical purposes 

What about Bitmain? The whole high hashrate [which is the best about BTC for many of BTC users] is given on one company. Firmware error? Planned exit ecam?

And no price control by tether, never be? Producing and burning coins for 5 Billion USD is only an accident  (https://cointelegraph.com/news/tether-mistakenly-minted-5-billion-usdt-and-immediately-burned-them)

Dont be so naive about BTC beeing immune about everything

In here JJG explained a BTC-n00b how and what it is, so good job

There are some forum members here who have a psychological condition called: "word-count envy."  

Sad, but true.  


Source.

 

JJG, you are so patient to keep long-lasting 'discussion' with that guy, whom might be drowned with your wordy-flood soon.
Personally, if someone don't have open-minded, so we should simply give them maintaining their mindset. No need for wasteful and endless discussion, IMO.

I thought I'm the only one who noticed how long he posted. Its too complex for me that I can't understand some of it (or I'm just a noob person out of nowhere) but anyway, it makes the thread active so.......

The rank of the account doesn't define if you are a beginner or not in crypto. The fact is there are legendary ranked members here whom I can consider as a beginner like me . @JayJuanGee said it all, I just seconded it 

You are referring or asking the question of OP, right?  OP is a hero rank (probably soon to uprank to legendary) who I believe started investing in bitcoin in 2017.

Seems that he is describing his mentality when he was a beginner and from when he started investing in BTC in 2017, but I suppose that he can elaborate or respond to your question about why he took such a perspective.  I doubt that it is a far stretch for anyone who is more experienced to attempt to describe what it was like as a beginner, even though you are correct that he is much less of a beginner than he was back then.